Dominate Your Market
by Jim Wyckoff
The Nymex crude oil futures market hit a three-month high this week as prices pushed above $75.00 a barrel. Earlier this year, such a lofty price level did not seem possible. However, transportation bottlenecks and stronger-than-expected demand for energy have boosted crude. Prices are trending solidly up and there are no strong, early chart clues to suggest a market top is close at hand. Stay tuned!
There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.